JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2019 to Sep, 2019 was 23,191 JPY/sq.m. The market value represents an increase of 570 JPY (+2.5%) compared to 1 year ago and a transition to a slight market. 906 properties exchanged hands ( The market value represents a decrease of 946 (-51.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 459.9 sq.m (a -0.2% decrease compared to the 460.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m.

13 stations have experienced increased prices; 15 stations have experienced decreased prices. The overall trend was the same as last year. Sanuki, Hitachinoushiku, Tsuchiura, Oomika, Juuou, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oomika station, where prices have increased +52.4% compared to last year; a sq.m unit now costs 30,927 JPY/sq.m.

The top 2 stations has seen prices increase +50.0% (+10,316 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -43.3% (-5,786 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.1% of total transactions in 2018 and 2.5% of total transactions in 2019)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.8% of total transactions in 2018 and 0.4% of total transactions in 2019)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 46,304 JPY/sq.m. The market value represents an increase of 9,829 JPY (+26.9%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 32 (-60.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Minaminakagou Land, the lowest market value along this railway was 3,351 JPY/sq.m. The market value represents a decrease of 4,888 JPY (-59.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride23,106 JPYsq.m
(0.0388sq.m)
25,906 JPYsq.m
(0.0224sq.m)
42,711 JPYsq.m
(0.0215sq.m)
Fujishiro17,009 JPYsq.m
(0.0555sq.m)
14,441 JPYsq.m
(0.0484sq.m)
27,513 JPYsq.m
(0.0525sq.m)
Sanuki26,569 JPYsq.m
(0.0375sq.m)
21,372 JPYsq.m
(0.0443sq.m)
22,371 JPYsq.m
(0.0353sq.m)
Ushiku28,268 JPYsq.m
(0.0316sq.m)
26,684 JPYsq.m
(0.0381sq.m)
26,659 JPYsq.m
(0.0347sq.m)
Hitachinoushiku46,304 JPYsq.m
(0.0371sq.m)
36,475 JPYsq.m
(0.0497sq.m)
39,259 JPYsq.m
(0.0349sq.m)
Arakawaoki18,827 JPYsq.m
(0.0502sq.m)
19,324 JPYsq.m
(0.0456sq.m)
23,337 JPYsq.m
(0.0462sq.m)
Tsuchiura22,482 JPYsq.m
(0.0388sq.m)
17,455 JPYsq.m
(0.0530sq.m)
21,562 JPYsq.m
(0.0430sq.m)
Kanndatsu12,894 JPYsq.m
(0.0665sq.m)
14,353 JPYsq.m
(0.0576sq.m)
19,854 JPYsq.m
(0.0526sq.m)
Takahama5,235 JPYsq.m
(0.0603sq.m)
6,396 JPYsq.m
(0.0597sq.m)
8,001 JPYsq.m
(0.0589sq.m)
Ishioka15,464 JPYsq.m
(0.0586sq.m)
16,816 JPYsq.m
(0.0470sq.m)
13,745 JPYsq.m
(0.0439sq.m)
Hatori7,564 JPYsq.m
(0.0618sq.m)
9,157 JPYsq.m
(0.0444sq.m)
6,555 JPYsq.m
(0.0560sq.m)
Iwama6,376 JPYsq.m
(0.0640sq.m)
8,010 JPYsq.m
(0.0593sq.m)
7,113 JPYsq.m
(0.0551sq.m)
Tomobe17,735 JPYsq.m
(0.0613sq.m)
24,419 JPYsq.m
(0.0301sq.m)
18,948 JPYsq.m
(0.0466sq.m)
Uchihara12,600 JPYsq.m
(0.0372sq.m)
16,044 JPYsq.m
(0.0527sq.m)
16,698 JPYsq.m
(0.0384sq.m)
Akatsuka27,993 JPYsq.m
(0.0403sq.m)
24,520 JPYsq.m
(0.0434sq.m)
25,846 JPYsq.m
(0.0385sq.m)
Kairakuenn---
Mito31,252 JPYsq.m
(0.0383sq.m)
31,593 JPYsq.m
(0.0415sq.m)
29,938 JPYsq.m
(0.0466sq.m)
Katsuta37,446 JPYsq.m
(0.0409sq.m)
31,797 JPYsq.m
(0.0459sq.m)
35,640 JPYsq.m
(0.0413sq.m)
Sawa20,497 JPYsq.m
(0.0552sq.m)
27,845 JPYsq.m
(0.0411sq.m)
28,610 JPYsq.m
(0.0480sq.m)
Toukai25,413 JPYsq.m
(0.0501sq.m)
30,136 JPYsq.m
(0.0420sq.m)
30,987 JPYsq.m
(0.0383sq.m)
Oomika30,927 JPYsq.m
(0.0405sq.m)
20,297 JPYsq.m
(0.0563sq.m)
32,983 JPYsq.m
(0.0369sq.m)
Hitachitaga35,724 JPYsq.m
(0.0321sq.m)
33,672 JPYsq.m
(0.0385sq.m)
31,033 JPYsq.m
(0.0426sq.m)
Hitachi35,155 JPYsq.m
(0.0369sq.m)
32,969 JPYsq.m
(0.0410sq.m)
33,670 JPYsq.m
(0.0387sq.m)
Ogitsu25,616 JPYsq.m
(0.0375sq.m)
25,410 JPYsq.m
(0.0338sq.m)
28,019 JPYsq.m
(0.0378sq.m)
Juuou31,024 JPYsq.m
(0.0312sq.m)
21,022 JPYsq.m
(0.0457sq.m)
26,753 JPYsq.m
(0.0352sq.m)
Takahagi9,060 JPYsq.m
(0.0409sq.m)
11,942 JPYsq.m
(0.0505sq.m)
11,361 JPYsq.m
(0.0393sq.m)
Minaminakagou3,351 JPYsq.m
(0.0884sq.m)
8,239 JPYsq.m
(0.0637sq.m)
8,772 JPYsq.m
(0.0446sq.m)
Isohara10,944 JPYsq.m
(0.0412sq.m)
13,441 JPYsq.m
(0.0602sq.m)
16,002 JPYsq.m
(0.0488sq.m)
Ootsukou19,091 JPYsq.m
(0.0506sq.m)
14,849 JPYsq.m
(0.0356sq.m)
10,663 JPYsq.m
(0.0374sq.m)

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Oomika30,927 JPY/sq.m (+52% compared with the previous year)

The average price of Oomika Land was 30,927 JPY/sq.m. The market value represents an increase of 10,630 JPY (+52.4%) compared to 1 year ago and a transition to a dramatic market. 30 properties exchanged hands ( The market value represents a decrease of 33 (-52.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 405.0 sq.m (a -28.1% decrease compared to the 563.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.2 min in 2018 and 23.8 min in 2019; -30.4%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.6% of total transactions in 2018 and 3.3% of total transactions in 2019)

Juuou31,024 JPY/sq.m (+48% compared with the previous year)

The average price of Juuou Land was 31,024 JPY/sq.m. The market value represents an increase of 10,002 JPY (+47.6%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 13 (-52.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 312.1 sq.m (a -31.8% decrease compared to the 457.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 20.4 min in 2018 and 18.2 min in 2019; -10.4%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.0% of total transactions in 2018 and 8.3% of total transactions in 2019)

Minaminakagou3,351 JPY/sq.m (-59% compared with the previous year)

The average price of Minaminakagou Land was 3,351 JPY/sq.m. The market value represents a decrease of 4,888 JPY (-59.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 884.4 sq.m (a +38.9% increase compared to the 636.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.8 min in 2018 and 27.2 min in 2019; +52.5%)

Tomobe17,735 JPY/sq.m (-27% compared with the previous year)

The average price of Tomobe Land was 17,735 JPY/sq.m. The market value represents a decrease of 6,684 JPY (-27.4%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents a decrease of 1 (-3.4%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 612.9 sq.m (a +103.6% increase compared to the 301.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.4% of total transactions in 2018 and 10.7% of total transactions in 2019)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)